Waves is a blockchain platform that allows you to create your own custom token. According to its website, you can create your own token in less than a minute and use it for projects such as crowdfunding, loyalty reward programs, and in-app currencies. Tokens created on Waves have limited functionality compared to (for example) Ethereum, but are easier to create and require zero coding knowledge.

The Waves coin (WAVES) is the platform’s native currency. You can use WAVES to create a trading pair with your self-made coin on the Waves decentralized exchange (DEX). There are two ways to acquire the currency, you can either install the Waves client on your computer and use its DEX to exchange fiat, Bitcoin or Ethereum, or you can acquire WAVES through a third-party centralized crypto exchange.

The platform has a Miner Reward Token (MRT) which is awarded to miners or platform members who support them; MRT can also be traded on the open market. To become a miner, a user must have a minimum effective balance of 10,000 WAVES in a personal account. WAVES holders can support the work of miners and earn income without by loaning their balance of tokens to the miners. The miners earn commission from processing the transactions within the platform.